Cybertech Systems and Software Announces Plan to Buyback Equity Shares
Cybertech Systems And Software Limited announced the approval of a buyback of its equity shares, detailing the parameters for the scheme, which will be executed through a tender offer route utilizing the mechanism for acquisition of shares through stock exchanges.The company's Board of Directors approved the buyback up to 8,50,000 fully paid up Equity Shares. Each share has a face value of ₹ 10/- (Rupees Ten only), and the shares will be acquired at a price of Rs. 170/- (Rupees One Hundred Seventy Only) per Equity Share. The total aggregate amount planned for the buyback is up to ₹ 14,45,00,000/- (Rupees Fourteen Crores Forty Five Lakh only).
The buyback is set to proceed using a tender offer mechanism, with the Record Date for the offer fixed as Friday, May 29, 2026. The company stated that the letter of offer with the tender form will be dispatched to Eligible Shareholders within two working days from the Record Date.
Key Financial Details of the Buyback
The transaction specifics are summarized below:| Parameter | Detail |
|---|---|
| Shares to be Buybacked | 8,50,000 Equity Shares |
| Face Value per Share | ₹ 10/- |
| Buyback Price per Share | Rs. 170/- |
| Total Aggregate Consideration | Up to ₹ 14,45,00,000/- |
| Record Date | May 29, 2026 |
Corporate Governance and Implementation
The Board established a Buyback Committee to oversee the process. The committee comprises the following members:| Committee Role | Name | Designation |
|---|---|---|
| Chairman | Mr. Vish Tadimety | |
| Member | Mr. Ramasubramanian Sankaran | |
| Member | Mr. Praveen Agarwal | |
| Member & Secretary | Ms. Sarita Leelaramani |
The company confirmed that the payment of the buyback consideration will be made out of its current surplus and/or cash balances and/or current investments/internal resources, and not from any borrowed funds.
The implementation of the buyback is supported by several key intermediaries and service providers:
| Entity | Role in Buyback |
|---|---|
| Saffron Capital Advisors Private Limited | Manager to the Buyback |
| Choice Equity Broking Private Limited | Buying Broker |
| MUFG lntime India Private Limited | Registrar to the Offer |
| BSE Limited | Designated Stock Exchange |
| ICICI Bank Limited | Escrow Agent |
The Board also noted that the necessary arrangements have been made, including opening an escrow account with ICICI Bank Limited. The buyback committee is authorized to take all necessary steps to finalize the terms, execute necessary agreements, and complete the transaction.
CYBERTECH Stock Price Movement
Cybertech Systems And Software Limited shares today slipped by 2.38% to settle at ₹137.88. The stock was accompanied by robust trading, moving on a total volume of 131,334 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.